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HENRY HUB NATURAL GAS FUTURES (MAY 2022) Uptrend, long position Support area: 4.674 and 4,340.

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The price has rebounded today, after falling to the support area of 138-140. However, the fact that the price has not broken through the confluence between EMA21 and EMA100 above H4 further with EMA21 cutting below EMA100 has raised concerns for the buyers. => Recommendation: Sell if the price rises to 158, STP 172, TP1: 140, TP2: 130.

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Cocoa future May 2022 A downtrend is formed with the price breaking the uptrend above H1 and cutting it below. Moreover, the price continues to move below the EMA21 and EMA100 above the H1 which supports the price to continue falling. => Recommendation: Sell if the price rises to the 2667 area, take a loss 2722, take a profit at 2545.

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Buy at area price 15.80-15.93 Stoploss: 15.64 Take profit: 16.45

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Long if price at fibo 50-61.8 ( 2570 - 2600 ) Stoploss: 2505 Take profit: 2675

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GBP/USD is holding the lower ground below 1.3650, as the US dollar rebounds amid a spike in Treasury yields => The pullback from the DMA200 - 1.3740 and the breakdown of the ascending trendline at 1.3680 have motivated the bears to return to the market. Next targeted area 1.3600 and 100-DMA 1.3550. => Besides, the bullish force of the British Pound is still there,...

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EUR/USD bears attack 1.1400 in a three-day downtrend amid strong yields. Although failures to cross the 100-day EMA surrounding 1.1480 restricts the short-term upside of the EUR/USD prices, the 50-day EMA level of 1.1380 limits the pair’s immediate downside. => The break of 1.1380 zone will create more momentum for the sellers to continue pushing the EU towards...

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USD/JPY bulls take the lead and run towards 115 the figure. But now USDJPY is hitting resistance and it is possible that there will be a pullback - pull back - down before returning to the upside. => Area 114.50 and 114.00 will be support for buyers to consider buying => A drop back below 113.5 could increase bearish pressure once again.

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Gold (XAU/USD) prices stay on the front foot near intraday high of $1820 during Tuesday’s Asian session. The yellow metal portrayed a sluggish start to the week while marking a Doji candlestick on Monday following the two-day downside. => a clear upside break of the 61.8% Fibonacci retracement (Fibo.) - $1830 -1833 that become necessary for the gold buyers to...

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The price dropped after hitting the 0.7180 resistance area, currently trading at 0.7100 => If the price still below the resistance level of 0.7180, there is always a chance that the sellers are ready to push the AU down to 0.7080, deeper into the D1 support area (0.7030). => On the contrary, the buyers are always ready at two important price zones: Support zone D1...

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GBP/USD is trading below the 50-period SMA on the four-hour chart and the Relative Strength Index (RSI) indicator has declined below 50, suggesting that buyers show no interest in the pound for the time being. => On the downside, the 1.3200/1.3190 area (static level, psychological level), In case a four-hour candle closes below the latter, the pair could extend...

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EUR/USD is weighed down by the prospects of the EU becoming the epicentre of the new covid variant, Omicron. At the time of writing, But still within the range of 1.1250-1.1350. Now, EUR/USD is trading at 1.1277. => Buying will be a reasonable strategy if the price is still above the 1.1200 area. The barrier of weekly resistance around 1.1320 - 1.1350 is still...

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=> Strategy unchanged from last week. USD/JPY climbs to one-week high, around 113.70 level amid risk-on mood. Strategy is unchanged from last week as UJ has been sideways for the past 1 week, and has always remained below 114.10. 113.80 -114.10 is still an important resistance area that needs to be watched to determine the next trend. => If we can break through...

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Gold rises to $1788 in a bid to the two-day rebound during early Tuesday. The mentioned barrier around the 1792-95 coincides with EMA21 and EMA100 on D1, should act as a pivotal point for traders. => A convincing breakthrough has the potential to push spot prices beyond the $1800 mark, towards testing the strong resistance near the $1810-15 supply zone. The...

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XAU/USD at a critical juncture, awaits US inflation for next big move. Gold extends the rebound to test the critical resistance level at 1789 - 1792. => The Golden cross is playing out for gold price but acceptance above $1792 is key - the confluence of the 100 and 200-Daily Moving Averages (DMA). Next target 1800 and 1810-1815. => On the flip side, immediate...

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USD/JPY climbs to one-week high, around 113.70 level amid risk-on mood. Strategy is unchanged from last week as UJ has been sideways for the past 1 week, and has always remained below 114.10. 113.80 -114.10 is still an important resistance area that needs to be watched to determine the next trend. => If we can break through the psychological threshold of 113.80...

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EUR/USD bulls keep the pace up, eye 1.1300. + Support level: 1.1245 1.1200 1.1165 + Resistance: 1.1305 1.1360 1.1430 => In the short term, buying will be a reasonable strategy if the price can still above the 1.1200 area and continue to buy if the price corrects to the 1.1250 area. The barrier of weekly resistance around 1.1305 - 1.1320 could be breached by...

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GBP/USD is printing back in the green at 1.32537 after climbing from a low of 1.3231. From a technical perspective, the emergence of fresh selling at higher levels validates last week's bearish break through a short-term descending channel => Hence, a subsequent slide back towards testing sub-1.3240 levels or 1.3200, A breakout of the triangle with some further...